PANews reported on June 19 that billionaire Michael Novogratz, founder and CEO of Galaxy, said in a Bloomberg TV interview on Wednesday that after the milestone stablecoin legislation is passed, it will attract more traditional financial institutions to enter the cryptocurrency market. He stated that when he founded Galaxy in 2017, he had anticipated that institutions would eventually enter the market, and this trend is now emerging. Novogratz looks forward to the implementation of the stablecoin bill and hopes that a market structure bill will follow, further promoting the integration of traditional finance and cryptocurrency technology. Additionally, he revealed that in the future, equity tokenization will be seen in both cryptocurrency and non-cryptocurrency fields, and his company will collaborate with various parties to provide white-label and customized solutions.
